Ferrari’s (NYSE:RACE) Charles Leclerc misses the cut, as Lewis Hamilton and Max Verstappen impressed, Sebastian Vettel made it to 10th.
The Styrian Grand Prix kicks off at 1510 local time, which is 1210 UTC. Conditions will be completely different Sunday, the rain making way for warm and Sunny conditions which have been a fixture in Austria since the F1 teams arrived last week
On the Grid
|2||33||Max Verstappen||RED BULL RACING HONDA||1:18.297||1:17.938||1:20.489||34|
|3||55||Carlos Sainz||MCLAREN RENAULT||1:18.590||1:18.836||1:20.671||33|
|6||4||Lando Norris||MCLAREN RENAULT||1:18.504||1:18.448||1:20.925||34|
|7||23||Alexander Albon||RED BULL RACING HONDA||1:20.882||1:19.014||1:21.011||31|
|8||10||Pierre Gasly||ALPHATAURI HONDA||1:20.192||1:18.744||1:21.028||33|
|12||63||George Russell||WILLIAMS MERCEDES||1:20.382||1:19.636||22|
|13||18||Lance Stroll||RACING POINT BWT MERCEDES||1:19.697||1:19.645||23|
|14||26||Daniil Kvyat||ALPHATAURI HONDA||1:19.824||1:19.717||24|
|15||20||Kevin Magnussen||HAAS FERRARI||1:21.140||1:20.211||22|
|16||7||Kimi Räikkönen||ALFA ROMEO RACING FERRARI||1:21.372||12|
|17||11||Sergio Perez||RACING POINT BWT MERCEDES||1:21.607||12|
|18||6||Nicholas Latifi||WILLIAMS MERCEDES||1:21.759||12|
|19||99||Antonio Giovinazzi||ALFA ROMEO RACING FERRARI||1:21.831||12|
|20||8||Romain Grosjean||HAAS FERRARI||DNS||1|
Q1 107% time – 1:23.661
Note – Norris penalised 3 grid places for overtaking under yellow flags during FP1.
Our overall technical outlook is Bullish in here, as all Key indicators are Very Bullish.
Ferrari (NYSE:RACE) finished Friday at 179.0, +1.44 in NY, just shy of its intra-day all time highs at 180.36 marked on 19 February 2020.
The Maranello Outfit’s shares were raised to Buy from Hold at HSBC.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term (after the virus) and siding with BAML to 230 long term for now. The stock is now considered defensive in the sector.
Have a healthy weekend, Keep the Faith and enjoy the F1 racing!